Response to Query Regarding Trading Activity::
Issuer & Securities
Issuer/ Manager
SINO CONSTRUCTION LIMITED
Securities
SINO CONSTRUCTION LIMITED - SG1W93940508 - F3V
Stapled Security
No
Announcement Details
Announcement Title
Response to Query Regarding Trading Activity
Date &Time of Broadcast
11-Sep-2014 14:30:24
Status
New
Announcement Reference
SG140911OTHRXTES
Response Description (Please provide a detailed description of the Response to Query in the box below)
The Board of Directors ("Directors") of Sino Construction Limited (the "Company" and together with its subsidiaries, the "Group") refers to the queries from the Singapore Exchange Securities Trading Limited ("SGX-ST") on 11 September 2014 regarding the unusual price and volume movements in the Company's shares and wishes to respond to the queries as follows:
Question 1: Are you (the issuer) aware of any information not previously announced concerning you, your subsidiaries or associated companies which, if known, might explain the trading? Such information may include events that are potentially material and price-sensitive, such as discussions and negotiations that may lead to joint ventures, mergers, acquisitions or purchase or sale of a significant asset. You may refer to paragraph 8 in Appendix 7.1 of the Mainboard Rules for further examples.
- If yes, the information shall be announced immediately.
The Company is not aware of any information not previously announced concerning the Company, its subsidiaries or associated companies which, if known, might explain the trading.
Question 2: Are you aware of any other possible explanation for the trading? Such information may include public circulation of information by rumours or reports.
Save for the transactions previously announced by the Company, the Company is not aware of any other possible explanation for the trading.
Nevertheless, as part of the Company's business, the Company constantly reviews corporate development, acquisition and fundraising opportunities which are in line with its corporate growth strategy to enhance shareholders values. As such, the Company is constantly in discussions with various parties on such opportunities.
As at the date of this Announcement, these opportunities are still preliminary and no definitive agreements have been executed in respect thereof. In any event, there is no certainty that any of these discussions will materialize. The Company will keep the shareholders informed if there is any material development by making the appropriate announcement in compliance with the listing rules of the SGX-ST.
In the meantime, shareholders of the Company are advised to refrain from taking any action in respect of their shares in the Company which may be prejudicial to their interests, and to exercise caution when dealing in the shares of the Company. In the event of any doubt, shareholders of the Company should consult their stockbrokers, bank managers, solicitors, accountants or other professional advisers.
Question 3: Can you confirm your compliance with the listing rules and, in particular, Mainboard Rule 703?
The Company confirms that it is in compliance with the listing rules of the SGX-ST, in particular, Rule 703 regarding disclosure of material information.
BY ORDER OF THE BOARD
Andy Chee / Kenneth Lim
Chairman / Executive Director
11 September 2014
Response Submitted Date/ Time
11-Sep-2014 14:30:24
Attachments
Total size =11K
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